"Yotsuya Kaidan" has already been adapted into over 30 movies to date

In the 19th century, Yotsuya Kaidan was staged as a kabuki play along side the story of the 47 Ronin. The story of the vengeful spirit of a samurai's betrayed wife first became a movie in 1912, then was adapted about 18 times in the next two decades, and over 30 times to date. No stranger to remakes, the ever prolific Takashi Miike (13 Assassins) has now taken on what's probably the most influential dead wet girl horror story (think The Ring).

Miike will direct the film from a screenplay by Kikumi Yamagishi (Hara-kiri: Death of a Samurai, The Happiness of the Katakuris). Nobuyasu Kita (13 Assassins, Hara-kiri) rejoins Miike behind the camera as cinematographer with Toshiaki Nakazawa (13 Assassins, Departure) producing. Production designer Yuji Hayashida and composer Koji Endo also join the crew.

uMedia's Celluloid Dreams/uConnect picked up the international rights at Cannes.

From the announcement:

Miike’s untitled project blurs the line between reality and nightmare when an actor named Kosuke plays the lead role of “Iemon” (Ebizo Ichikawa; Hara-kiri: Death of a Samurai) in a staged play of Yotsuya Kaiden. His lover Miyuki joins him on stage to play “Oiwa” (Hideaki Ito; Sukiyaki Western Django, Lesson of the Evil), but as they become engrossed in the performances, their personal life begins to disintegrate and their love, hate, and grudge for each other takes over. As the two worlds begin to meld, they are thrown into their own hell with the play beginning to horrifyingly unfold in real life.”